Carolina Torreblanca
University of Pennsylvania
Global Development: Intermediate Topics in Politics, Policy, and Data
PSCI 3200 - Spring 2026
If temperature does affect growth, where would we expect to see it most?
125 countries, 1950–2003. Temperature from gridded weather data. GDP growth from Penn World Tables.
\[\Delta \ln y_{it} = \beta_1 T_{it} + \beta_2 P_{it} + \alpha_i + \gamma_t + \epsilon_{it}\]
Col (1): no effect on average across all countries.
Col (2): temperature interacted with a poor country dummy. Large and significant (-1.655***).
Marginal effect in poor countries: β_temp + β_interaction = -1.4pp. Same logic as slopes().
From $403 to $1,097
From $22,026 to $59,874
A $700 raise is a lot if you earn $400. Not so much if you earn $40,000. Log GDP measures gains proportionally.
The familiar reading: \(\hat{\beta}\) = “a one-unit increase in \(X\) raises \(Y\) by \(\hat{\beta}\) units”
When \(Y\) is \(\ln Y\): \(\hat{\beta} \times 100 \approx\) % change in \(Y\)
When \(Y\) is \(\Delta \ln Y\) (already a growth rate): \(\hat{\beta}\) is directly a percentage point change
Interpretation also changes if \(X\) is logged